ARQ (ARQ) to Release Quarterly Earnings on Wednesday

ARQ (NASDAQ:ARQ) will likely be posting its quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect ARQ to post earnings of ($0.03) per share and revenue of $26.90 million for the quarter.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, analysts expect ARQ to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ARQ Stock Performance

ARQ stock traded up $0.11 during trading hours on Tuesday, reaching $4.23. 65,097 shares of the company were exchanged, compared to its average volume of 256,658. ARQ has a 12 month low of $3.34 and a 12 month high of $8.17. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The firm has a market cap of $178.57 million, a price-to-earnings ratio of -424.10 and a beta of 1.51. The stock has a 50-day moving average of $4.21 and a 200 day moving average of $5.78.

Insider Buying and Selling at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $30,869.28. Following the completion of the sale, the chief technology officer now owns 354,790 shares of the company’s stock, valued at approximately $1,660,417.20. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 20,588 shares of company stock worth $96,352 over the last ninety days. Insiders own 26.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.